Victory - VTYB STOCK NEWS

Victory Bancorp (OTCQX:VTYB) has announced a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on February 14, 2025, to stockholders of record as of January 31, 2025.

The company operates through its subsidiary, The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania. Established in 2008, the bank specializes in business lending, providing banking services to small and mid-sized businesses and professionals through three offices in Montgomery and Berks Counties, Pennsylvania.

The Victory Bancorp announced the pricing and closing of a $4.65 million private placement of fixed-to-floating rate subordinated notes. The notes will initially bear interest at 8.50% per annum until December 31, 2026, payable semi-annually. After that, the interest rate will reset quarterly based on the three-month SOFR plus a spread until maturity on December 31, 2029.

The proceeds will be used for general corporate purposes, including funding organic and strategic growth initiatives, enhancing balance sheet flexibility, and supporting bank regulatory capital ratios. The notes may be redeemed at the Company's option on any scheduled interest payment date after the second anniversary.

Victory Bancorp (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on December 13, 2024 to stockholders of record as of December 4, 2024. The company operates through The Victory Bank, a Pennsylvania state-chartered commercial bank established in 2008, serving small and mid-sized businesses through three offices in Montgomery and Berks Counties.

The Victory Bancorp (OTCQX: VTYB) reported strong Q3 2024 financial results with significant growth across key metrics. Deposits increased 10.8% to $398.2 million, while net loans grew 12.7% to $395.2 million compared to Q3 2023. Total assets reached $467.9 million, up 11.9% year-over-year. Credit quality showed remarkable improvement with non-performing assets declining from $2.2 million at end-2023 to $209 thousand. The company reported net income of $586 thousand ($0.29 per share) and maintained a net interest margin of 3.58%. A cash dividend of $0.065 per share was paid to shareholders.

Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend was paid on September 9, 2024, to stockholders of record as of August 3, 2024. Victory Bancorp is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank established in 2008.

The Victory Bank specializes in providing high-quality banking services to small and mid-sized businesses and professionals through its three offices in Montgomery and Berks Counties, Pennsylvania. The bank is headquartered in Limerick, Pennsylvania, just outside the Philadelphia market.

The Victory Bancorp, Inc. (OTCQX: VTYB) announced strong Q2 2024 results, demonstrating resilience amid challenging market conditions. Key highlights include:

- Net loans increased 16.3% YoY to $396.5 million
- Total assets grew by $55.9 million YoY to $469.8 million
- Deposits increased by $20.6 million from year-end 2023
- Net income of $289,000 ($0.14 per share)
- Book value per share reached $14.28
- $0.065 per share cash dividend paid

The bank maintained strong credit quality with reduced delinquencies and nonaccrual loans. The ACL ratio was 0.89%, covering non-performing loans 53.3 times. Victory Bancorp remains well-capitalized and positioned for continued growth.

Victory Bancorp (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share. The dividend will be paid on or about June 14, 2024, to shareholders of record as of June 3, 2024. Victory Bancorp, headquartered in Limerick, Pennsylvania, is the parent company of The Victory Bank, which was established in 2008 and provides banking services to small and mid-sized businesses. The company's stock is traded on the OTCQX market under the symbol VTYB.

The Victory Bancorp, holding company for The Victory Bank, announced its first quarter 2024 results. Key highlights include a 14.3% rise in net loans to $378 million and a $1.1 million increase in net interest income. Deposits grew by $17.7 million, and total assets increased by $29.7 million to $450.1 million. The company maintained strong credit quality, with nonaccrual loans decreasing to $736 thousand and delinquencies dropping. The bank achieved a net income of $230 thousand ($0.11 per share) and paid a $0.065 per share dividend. The net interest margin was 3.08% for the quarter, and book value per share was $14.18. Despite challenging market conditions, Victory Bancorp remains well-capitalized and managed expenses effectively, achieving positive operating leverage.

The Victory Bancorp, Inc. welcomes Kenneth Lawrence, a seasoned leader, to its board of directors. Lawrence, Senior Vice President of Corporate Affairs at Highmark Blue Shield, brings vast experience from public service and corporate affairs. Victory Bancorp looks forward to his guidance and contributions to its strategic direction. Victory Bancorp, Inc. is traded under the symbol VTYB on the OTCQX market.